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A luxury hotel company that owns multiple Ritz-Carltons received millions in small-business aid thanks to a loophole in the coronavirus bailout program
Joni Hanebutt/Shutterstock Three lodging companies chaired by hotel executive Monty Bennett have received $59 million in Paycheck Protection Program (PPP) coronavirus relief funds intended for small businesses, the Wal.....»»
Stein Mart, Kingswood agree to terminate merger agreement
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Nearly 80% of hotel rooms across the US are empty because of the coronavirus outbreak
Karen Ducey/Getty Images Close to 80% of US hotel rooms are empty, according a new report by leading hospitality analytics company STR. Chip Rogers, CEO and president of the America Hotel and Lodging Association, has described the im.....»»
Relief fund for North Carolina restaurant, hotel workers seeks donations as applications pour in
The North Carolina Restaurant and Lodging Association has launched a relief fund to help provide cash for workers in the restaurant and hospitality industry who've been devastated by the COVID-19 outbreak. The N.C. Restaurant Workers Relief Fund will he.....»»
How hotels can help health care workers while salvaging some business
Industry leaders are hopeful a new initiative can rescue some Alamo City inns from closure as the COVID-19 pandemic has sunk hotel occupancy levels to dangerous lows. The American Hotel & Lodging Association has launched a new program called Hotels .....»»
How the Hotel Industry Job Losses and GDP Contribution Stack Up in the COVID-19 Recession
The American Hotel and Lodging Association has released its view on COVID-19's impact on the hotel industry, and the projected losses are nothing short of staggering......»»
Hospitality industry analysts compare current COVID-19 era to 9/11, Great Recession
As the coronavirus began to spread into Wisconsin, the data collection agency STR Inc. reported that revenue per available hotel room in Milwaukee declined 8.7% in the week ending March 7. Jan Fajtak, senior vice president of lodging insights for STR, s.....»»
The global hotel construction pipeline hits record high at 2019 year-end
Analysts at Lodging Econometrics (LE) state that Asi.....»»
These industries will be hardest hit by coronavirus pandemic — but one sector will likely remain ‘recession-proof’
‘I am scheduled to be in more than a dozen different U.S. cities over the next six weeks,’ Chip Rogers, president and CEO of the American Hotel & Lodging Association, told MarketWatch......»»
These industries are more likely to have layoffs if the coronavirus pandemic worsens — but one sector looks ‘recession-proof’
‘I am scheduled to be in more than a dozen different U.S. cities over the next six weeks,’ Chip Rogers, president and CEO of the American Hotel & Lodging Association, told MarketWatch......»»
Raymond James says bad news accelerating for hotel REITs
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
These industries are more likely to shed jobs if the coronavirus pandemic worsens — but one sector looks ‘recession-proof’
‘I am scheduled to be in more than a dozen different U.S. cities over the next six weeks,’ Chip Rogers, president and CEO of the American Hotel & Lodging Association, told MarketWatch......»»
Sofitel D.C. hotel sells to Brookfield
Pebblebrook Hotel Trust (NYSE: PEB) has closed the sale of the Sofitel Washington D.C. hotel, a little more than a month after it said the property was under contract. The Bethesda lodging real estate investment trust sold the 237-room luxury hote.....»»
Sprint, T-Mobile agree on new merger terms
Sprint Corp. and T-Mobile US Inc. have amended their original merger terms to give Deutsche Telekom AG a slightly higher ownership stake in the combined company. Deutsche Telekom, T-Mobile's parent, and SoftBank Group Corp., Sprint's majority own.....»»
T-Mobile, Sprint agree to amended merger deal
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
Faces of the List: Whitney Brown of RiverPlace Hotel
Whitney Brown knew she wanted to work in the hospitality business as a teenager. Her journey has brought her to Portland, where she heads a popular waterfront lodging spot......»»
Los Angeles has the largest hotel construction pipeline in the United States
In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on Los Angeles, LE states that Los Angeles has a total of 168 projects/28,501 rooms in the construction pipeline, the largest pipeline of any ma.....»»
Boutique hotels are all the rage — but no one can agree on what, exactly, a boutique hotel is
Courtesy Boutique Hotel Awards Travelers are all about the boutique.....»»
U.S. hotel construction pipeline finishes 2019 trending upward
At the close of 2019, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline continues to grow with 5,748 projects/708,898 rooms, up 4% by projects and 6% by roo.....»»
American Hotel & Lodging Association to hold a summit
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»